CNBC's "Fast Money" Fast Money 10/6/25
Oct 6, 2025
Mackenzie Sigalos, a tech reporter renowned for her insights on AI developments, provides an on-the-ground update from OpenAI's Dev Day, highlighting new initiatives and hardware ambitions. Osung Kwan, Wells Fargo's Chief Equity Strategist, shares his earnings preview, backed by a machine-learning model predicting market performance driven by AI and semiconductors. The guests dive into market volatility, AMD's stock movement, and discuss retail weaknesses while reflecting on broader economic trends.
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Episode notes
OpenAI Moves Markets
- OpenAI deal announcements act as market kingmakers, rapidly inflating partner valuations.
- AMD's spike showed investor enthusiasm but also highlighted circular partnerships and execution risk.
Trim Gains After Volatile Rallies
- Consider taking profits after extreme, volatile rallies like AMD's post-announcement surge.
- Tim Seymour sold short-term upside calls to reduce exposure to extraordinary volatility.
Execution Trumps Hype For Chip Makers
- AMD faces margin and execution questions versus NVIDIA despite deal validation.
- If AMD fails to match performance, the OpenAI tie could turn into a major risk.